Milton Friedman quotes

Few names in history exhibit what success looks like, either with their words or their actions. Whichever field they choose, they make sure to leave an impact there. Milton Friedman is the kind of person who has changed how people perceive the economy. Fridman was born on July 31, 1912, in Brooklyn, New York, US. He is considered the leading and most influential economist of the 20th century. Milton Friedman quotes will show you how his intellect and capabilities have stunned the world when it comes to the economy. He indeed was a well-versed American economist who has blessed the world with an ocean of knowledge.

Milton Friedman’s work had a global impact. He presented detailed lectures, television programs, books, magazines, articles, and journals on a variety of economic issues. He was awarded the Nobel Memorial Prize in Economic Sciences for a variety of his research and policies in the field of economics. The Chicago School of Economics has people like Milton Freidman on their board of intellectual leaders.

So, whether you feel interested or not, the economy isn't something anybody could neglect. It has an impact on all of us. So here’s a little collection of Milton Friedman quotes for you to get to know the most influential personality of the economic world in the 20th century.

Milton Friedman quotes about economy, politics, money, taxation

  • Is it really true that political self-interest is nobler somehow than economic self-interest? . . . And just tell me where in the world you find these angels who are going to organize society for us.

  • Concentrated power is not rendered harmless by the good intentions of those who create it.

  • And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?

  • Nothing is as permanent as a temporary government program.

  • If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

  • I think that the Internet is going to be one of the major forces for reducing the role of government.

  • Corruption is government intrusion into market efficiencies in the form of regulations.

  • The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.

  • See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.

  • I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior.

  • There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.

  • A free man will ask neither what his country can do for him nor what he can do for his country.

  • Humility is the distinguishing virtue of the believer in freedom; arrogance, of the paternalist.

  • I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.

  • When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union - like public housing in the United States - look decrepit within a year or two of their construction…

  • Only a crisis, actual or perceived, produces real change.

  • Nobody spends somebody else’s money as carefully as he spends his own.

  • Believers in aristocracy and socialism share a faith in centralized rule, in rule by command rather than by voluntary cooperation.

  • I would say that in this world, the greatest source of inequality has been special privileges granted by government.

  • You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.